Award Final and Binding Clause Samples
The 'Award Final and Binding' clause establishes that the decision or award rendered by an arbitrator or tribunal is conclusive and enforceable on all parties involved. In practice, this means that once the arbitrator issues a decision, the parties cannot appeal or challenge the outcome in court except under very limited circumstances, such as procedural irregularities or fraud. This clause ensures that disputes are resolved efficiently and with finality, preventing prolonged litigation and providing certainty to the parties.
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Award Final and Binding. The award of the arbitral tribunal shall be final and conclusive and binding upon the Parties hereto and the Parties shall be entitled (but not obliged) to enforce the award. Such enforcement shall be subject to the provisions of the Arbitration and Conciliation Act, 1996.
Award Final and Binding. The arbitrator shall render an award and written opinion, and the award shall be final and binding upon the parties. If any of the provisions of this paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not affect the validity of the remainder of this Agreement, and this Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all conflicts between the parties, including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision and award to be fully admissible in evidence in any subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law.
Award Final and Binding. The parties agree that the decision or award of the arbitrator shall be final and binding on each of the parties. The arbitrator derives authority wholly and exclusively from this Agreement. The decision of the arbitrator shall be issued within thirty (30) days of the close of the hearing unless the parties have agreed to additional time. The decision of the arbitrator shall be in writing and shall set forth the findings of fact, reasoning, and conclusions on the issues submitted.
Award Final and Binding. The award of the arbitrator (or panel) shall be final and binding, except as set forth in these ADR Rules (including a Section 4.7.2 appeal of an award of injunctive relief).
Award Final and Binding. (a) (Final and binding): Subject to clause 10.7(b), any award will be final and binding on the Disputing Parties.
(b) (Appeal): Each Disputing Party consents to any appeal to a court where that appeal is made under the Commercial Arbitration Act 2011 (Vic) on a question of law arising in connection with an arbitral award made in accordance with this clause 10.
Award Final and Binding. Any award made in respect of arbitration conducted pursuant to this clause 9 will be final and binding upon the parties.
Award Final and Binding. The arbitration award will be final and binding on the Parties and may be enforced in any court of competent jurisdiction. Each Party waives any right of appeal to any court or tribunal of competent jurisdiction to the fullest extent permitted by the governing law of this ESA. For the purpose of an enforcement of an award, the Parties irrevocably and unconditionally submit to the jurisdiction of federal courts located in Philadelphia, PA, and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.
Award Final and Binding. The Parties agree that the arbitration award shall be final and binding on the Parties. The Parties agree that no Party shall have any right to commence or maintain any suit or legal proceedings (other than for interim or conservatory measures) until the Dispute has been determined in accordance with the arbitration procedure provided herein and then only for enforcement of the award rendered in the arbitration.
Award Final and Binding. The award of the Arbitrator will be final, binding and not subject to appeal. Each Party hereby waives the benefit of any applicable Law which would permit it to appeal the decision of the Arbitrator to any court or other authority.
Award Final and Binding. The arbitration award shall be final and binding on the Parties, and the Parties agree to be bound thereby and shall act accordingly.